Securities Fraud Conviction Nets California Attorney
Securities Fraud Conviction Nets California Attorney
A California attorney pleaded guilty to securities fraud for his role in a “pump-and-dump” securities sale scheme. The Nevada City attorney participated in a conspiracy to create falsely registered companies. The fraudulent companies could then be used to carry out stock manipulation schemes.

The attorney authored false legal opinion letters for one of the principals in the scheme. The letters hid the fact that strawmen owned the shares of the scam companies. As written, the letters allowed brokers to accept the shares for deposit and then sell them to unwitting investors. The attorney actually worked for co-conspirators and understood that the co-conspirators actually controlled the questionable companies. At least one of the companies was used for a pump-and-dump stock swindle in 2013.

Federal prosecutors have already won seven other convictions in the case to date. The attorney and two other participants pleaded guilty to the scheme last month. A federal judge will sentence the attorney in June. He faces up to five years in prison and a fine of up to $250,000 or double the offense proceeds.

Ventura securities fraud attorney


When you face investment fraud charges, hire an experienced securities fraud attorney like Robert Helfend. Mr. Helfend has provided exceptional counsel and defense services for more than three decades. He fights aggressively for his clients rights and will take your investment fraud case.

Investment fraud cases often catch the attention of federal prosecutors because of the large amounts of money involved. Your attorney must get past the headlines to create an effective defense for you. Mr. Helfend has more than 30 years of experience in federal criminal courts and will fight aggressively to protect your rights and freedoms.

Federal defendants often plead guilty because they believe that they cannot win in federal court. An aggressive attorney can help create a solid defense and minimize the damage of a conviction. Don’t assume that there’s nothing you can do, and don’t hire an inexperienced attorney to represent you.

Contact Robert Helfend or call toll-free at (800) 834-6434, (805) 273-5611, (310) 456-3317 or (818) 591-2809 for an immediate consultation on your Ventura County securities fraud case.

Photo Credit: dflorian1980, via Flickr.com

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